Somewhat Positive Press Coverage Somewhat Unlikely to Impact Flagstar Bancorp (FBC) Share Price
Press coverage about Flagstar Bancorp (NYSE:FBC) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Flagstar Bancorp earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the savings and loans company an impact score of 46.0498038288531 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several analysts have issued reports on FBC shares. ValuEngine upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday, July 28th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $35.00 target price on shares of Flagstar Bancorp in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $35.80.
Shares of Flagstar Bancorp (FBC) traded up 0.39% during trading on Tuesday, hitting $35.84. The stock had a trading volume of 18,176 shares. Flagstar Bancorp has a 1-year low of $25.06 and a 1-year high of $36.40. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 13.74 and a beta of 0.82. The firm has a 50 day moving average of $34.10 and a 200 day moving average of $31.17.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.09. Flagstar Bancorp had a return on equity of 10.15% and a net margin of 16.52%. The company had revenue of $97.00 million for the quarter, compared to analyst estimates of $87.95 million. During the same quarter last year, the firm posted $0.66 earnings per share. Flagstar Bancorp’s revenue was up 26.0% compared to the same quarter last year. Analysts expect that Flagstar Bancorp will post $2.37 EPS for the current fiscal year.
About Flagstar Bancorp
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. It operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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